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What Will the Future Hold for our Economy in 2020?

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January 21, 2020
NEWS RELEASE
 
What Will the Future Hold for our Economy in 2020?
2020 North Orange County & Western Riverside Counties Economic Forecast
will be Presented by Pacific West Realtors
 
BREA, CA – On February 13, the Chamber Business Alliance will present the 2020 North Orange County & Western Riverside Counties Economic Forecast hosted by the Brea Chamber of Commerce along with Yorba Linda, North Orange County and Corona Chambers of Commerce.  The event will take place at the Richard Nixon Library in Yorba Linda, California. The keynote speaker Dr. Christopher Thornberg, Founding Partner of Beacon Economics, LLC, will give an in-depth update on the economic prospects of the national and local economic outlook.
 
Dr. Thornberg is widely considered to be one of the nation's leading economists. Being an expert in economic forecasting, regional economics, employment and labor markets, and more, he was one of the earliest and most accurate predictors of the subprime mortgage market crash that began in 2007, and of the global economic recession that followed.
 
Chamber members are given the opportunity to hear from an industry professional speak about regional and local issues, stemming from energy solutions, to government affairs, and education. The Economics Forecast Conference brings together North Orange County & Western Riverside Counties businesses to discuss economic trends, projections of the economy, the state of housing in California, and the presidential race for 2020.
 
For more information, please contact Special Events Coordinator, Kevin Covey at (714) 264-7526.
 
Thank you to our participating sponsors: Aera Energy LLC, Albertsons Distribution Center, City of Brea, Nationwide Insurance, and Pacific West Realtors.


About Dr. Christopher Thornberg:
Christopher Thornberg founded Beacon Economics LLC in 2006. Under his leadership, the firm has become one of the most respected research organizations in California serving public and private sector clients across the United States. In 2015, Dr. Thornberg also became Director of the UC Riverside School of Business Center for Economic Forecasting and Development and an Adjunct Professor at the School.
 
An expert in economic and revenue forecasting, regional economics, economic policy, and labor and real estate markets, Dr. Thornberg has consulted for private industry, cities, counties, and public agencies in Los Angeles, San Francisco and the Bay Area, San Diego, the Inland Empire, Seattle, Orange County, Sacramento, Nevada, and other geographies across the nation. Recent and ongoing projects include an analysis of minimum wage programs for the City of Los Angeles; housing and rent control studies for the California Apartment Association; quarterly regional economic outlooks for the East Bay Economic Development Alliance; a recession recovery plan for the City and County of San Francisco; an annual economic assessment of LA’s city council districts for the Los Angeles Area Chamber of Commerce; an analysis of the local technology industry for the Santa Cruz County Workforce Development Board; and economic impact studies for the 2024 Los Angeles Olympic Games Committee and the University of Southern California.
 
Dr. Thornberg became nationally known for forecasting the subprime mortgage market crash that began in 2007 and was one of the few economists on record to predict the global economic recession that followed. In 2015, he was named to California State Treasurer John Chiang’s Council of Economic Advisors, the body that advises the Treasurer on emerging strengths and vulnerabilities within the state’s economy.  From 2008 to 2012, he served as an economic advisor to the California State Controller’s Office, and as Chair of the State Controller John Chiang’s Council of Economic Advisors.
 
Well known for his ability to capture and hold audiences, Dr. Thornberg has presented to hundreds of leading business, government, and nonprofit organizations across the globe including Chevron, The New Yorker, Colliers International, the California Chamber of Commerce, City National Bank, the California State Association of Counties, State Farm Insurance, the City of Los Angeles, the California and Nevada Credit Union League, and the National Steel and Shipbuilding Company, among many others. He has testified before the U.S. Congress House Committee on Financial Services on municipal debt issues, before the California State Assembly Committee on Revenue and Taxation regarding rule changes related to Proposition 13, and before the Los Angeles City Council about proposed changes to local minimum wage laws.
 
Dr. Thornberg is a panel member of the National Association of Business Economists’ quarterly “Outlook,” and a contributor to monthly economics polls published by Reuters. He also serves on the Boards of Directors of both the California Chamber of Commerce and the Los Angeles Area Chamber of Commerce and is an Executive Member of the Central City Association (Los Angeles) and a member of the California Association for Local Economic Development. Prior to launching Beacon Economics, Dr. Thornberg was a senior economist with UCLA’s Anderson Forecast. He previously taught in the MBA program at UCLA’s Anderson School, in the Rady School of Business at UC San Diego, and at Thammasat University in Bangkok, Thailand. He has also held a faculty position in the economics department at Clemson University.
 
A well-known media commentator, Dr. Thornberg has appeared on CNN and NPR and is regularly quoted in major national dailies including the Wall Street Journal and New York Times.
 
Originally from upstate New York, Dr. Thornberg holds a Ph. D in Business Economics from The Anderson School at UCLA, and a B.S. degree in Business Administration from the State University of New York at Buffalo.
 
About the Brea Chamber:
The Brea Chamber of Commerce exists to be:
The Catalyst for business growth:
  • We ensure common-sense decisions are made for growth and expansion in Brea.
The Convener of leaders and influencers to get things done
  • We bring in local businesses and policymakers to discuss issues in order to make better decisions for all of Brea.
The Champion for a thriving community:
  • We ensure our residents and businesses are educated and well-informed for a sustainable Brea.
For more information, please call the Chamber office at (714) 529-3660 or visit www.BreaChamber.com
 
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Contact:
Crystal Sayphraraj, Adminstrative / Communications
(714) 529-3660

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